Recession

Britain's Gravest Economic Challenge Isn't Brexit

Few British budgets have mattered as much as the one that Philip Hammond will deliver to the House of Commons on Nov. 22. He must shore up Theresa May’s perilously shaky government ahead of a vital Brexit summit of European leaders in mid-December, but the gravest challenge he faces is economic: Britain’s persistent productivity blight.

The Stage Has Been Set For The Next Financial Crisis

"We are in a multidimensional and fully internationalized carry trade game, folks, which means there is a very serious and tangible risk pool sitting just below the surface across world’s largest insurance companies, pensions funds and banks, the so-called 'mandated' undertakings..."

Is America In Terminal Decline?

"The cut-off point is 2009... Before that, borrowing could create the illusion of a rising standard of living. Those days are gone. And it’s very hard to see, when you take a good look, what could make them come back."

Unbridled Exuberance...

"...what is forgotten in today’s exuberant celebrations... is that both the economy and stock market historically peak when skies are blue and no storm clouds are in sight..."